Risk Manager Custom

Risk Manager Custom Version for MetaTrader 5

Risk Manager is a professional risk-control utility for MT5. It does not open trades by itself and does not generate trading signals. The tool is designed to monitor already opened positions and help the trader control risk, position size, stop loss, take profit, and trading restrictions.

Main features:

• Individual Max Lot for selected symbols — set a separate maximum lot for up to 5 instruments. For example: EURUSD = 1.2 lot, XAGUSD = 0.1 lot.
• Allowed symbols control — restrict trading only to the instruments allowed in the settings.
• Automatic Default Stop Loss and Take Profit — set default SL/TP for positions that are opened without protection.
• Default SL/TP calculation modes — use points, money, balance percent, or equity percent.
• Partial Close logic — automatically close 50% of the position when profit reaches 50% of the risk size based on the actual Stop Loss.
• Correlated market protection — block new positions inside a selected group of correlated symbols until the first position reaches the partial close condition.
• Close all positions by time — automatically close all open positions at a specified time, for example 23:58.
• Daily, weekly, and monthly risk control — limit trading activity based on account risk and loss rules.
• Alerts and protection logic — the utility can notify the trader and close positions that violate the configured risk rules.

How it works:
The utility monitors open positions and applies the selected risk-management rules. For example, if a position has a Stop Loss with an estimated risk of -400 USD, the partial close function can close 50% of the volume when the position reaches approximately +200 USD profit.

The Default SL/TP in money or percent is calculated based on the already opened lot size. The utility does not calculate the trading lot for the trader — it calculates the SL/TP level according to the current position volume.

Important:
Risk Manager is not a trading robot and does not provide entry signals. It is a protection and control tool for traders who want more discipline and structure in their trading process.

Partial close functionality may depend on the account type and broker execution conditions. Hedging accounts are recommended for full partial-close behavior.

Best for:

• manual traders;
• prop-style risk control;
• traders using several correlated instruments;
• users who want automatic SL/TP protection;
• traders who do not want to leave positions open after a specific time.